Foreign aid

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Foreign aid (also known as international aid, overseas aid, or foreign assistance) is – from the perspective of governments – a voluntary transfer of resources from one country to another.

Aid may serve one or more functions: it may be given to strengthen military ally, to reward a government for behaviour desired by the donor, to extend the donor's cultural influence, to provide infrastructure needed by the donor for resource extraction from the recipient country, or to gain other kinds of commercial access. Altruism is another motive.

In some cases foreign aid may not actually be in the interest of the donor country but instead be caused by powerful lobby groups such as the Israel lobby. The United States has given Israel $100 Billion since 1962.[1]

The helpfulness of foreign aid has often been questioned for a variety of reasons such as in effect often causing elites in developing countries to get rich from corruption related to foreign aid rather than from activities that build up their countries.

References

  1. $100 Billion — Total American “Aid” to Israel Since 1962 http://davidduke.com/100000000000-much-american-tax-money-given-israel-since-1962/
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